Survey of US Economists Says Recession Is Here

THREE-quarters of the 51 economic forecasters surveyed by the National Association of Business Economists believe the United States economy already is slogging through a recession, the NABE said Nov. 27. Two-thirds of the economists also said the recession is expected to last two quarters or less and should be mild in historical terms.

The report is the latest in a series of reports indicating that a recession could be under way. Although the Bush administration has insisted the economy is not in recession, President Bush recently conceded that the economy has suffered a downturn. Private economists have not been as optimistic.

Of the 25 percent of economists who said the economy is not yet in recession, most said the probability of a recession has increased since August. Fifteen percent said a recession is not on the economic horizon.

You've read  of  free articles. Subscribe to continue.
QR Code to Survey of US Economists Says Recession Is Here
Read this article in
QR Code to Subscription page
Start your subscription today